This page reflects CRVS options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 19, 2026 close
Max Pain — CRVS
Data as of market close Aug 19, 2026
Nearest listed expiration 2026-08-21 shows max pain at $14.00 (1.40 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$14.00
Nearest expiry
Expected Move
±$0.60
±3.9%
Days to Expiry
2
Calendar days
Total Call OI
3,133
Nearest expiry
Total Put OI
2,364
Nearest expiry
P/C OI Ratio
0.75
Put-heavy
Spot Price
$15.40
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$12.00
6/18/2026, 11:08:36 PM
2026-07-17
$14.00
7/17/2026, 11:10:54 PM
2026-08-21NextUpdated
$14.00
8/19/2026, 11:09:16 PM
2026-09-18
$15.00
8/19/2026, 11:09:16 PM
2026-10-16
$12.00
8/19/2026, 11:09:16 PM
2027-01-15
$12.00
8/19/2026, 11:09:16 PM
Selected expiration: 2026-08-21 at max pain $14.00.
CRVS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
4
0
2104600
2104600
5
100
1868200
1868300
6
200
1633800
1634000
7
400
1400400
1400800
8
600
1167100
1167700
9
900
933800
934700
10
1200
702000
703200
11
4500
474900
479400
12
7800
291600
299400
13
13100
160400
173500
14
20200
60600
80800
15
115900
12800
128700
16
287600
900
288500
17
536800
600
537400
18
800200
300
800500
19
1073600
100
1073700
20
1358200
0
1358200
21
1670600
0
1670600
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.